Property profile

32 Lowell St Reading, MA 01867

OFF-MARKET
Theaters & concert halls
Property ID
US38-1739278
7,041 SF 0.49 ac lot Built 1917
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7,041 square foot building, located at 32 Lowell Street in Reading, Massachusetts, presents a unique investment opportunity. Built in 1913 and designed by George H. Sidebottom in the Late Gothic Revival style, this limestone and granite structure boasts timeless architectural charm. Currently zoned S15, the property offers versatile usage potential for a variety of special purpose applications, including its previous uses as a church and, more recently, a fine arts school. Situated on a sizable 21,175 square foot lot, the property provides ample space for both interior and exterior activities. While the stone facade requires repair or replacement, the building is being sold "as is," offering a chance for customization and renovation. The property is listed on the Massachusetts Historic Register, adding to its unique appeal. The building features two stories and a total of 7,041 square feet of net rentable space. The seller is targeting a June 30, 2025 occupancy date. This prime location within the Boston MSA area presents a compelling opportunity for investors and developers seeking a historic property with significant potential. The property's rich history and versatile zoning make it an ideal candidate for adaptive reuse.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1917
Total area 7,041 SF
Lot 0.49 ac (21,175 SF)
Zoning code S15
APN READ M:021.0-0000-0228.0
UPID US38-1739278

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Theater & Performing Art Venue Vocational School

Location

32 Lowell St Reading, MA 01867-2621
Reading metro Census 334200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$505k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$505k

Owner & transaction history

since 2024
Last sale
$505,000
3 recorded transactions
2024
Price N/A
2014
Price N/A
2011
$505,000

Zoning & alternative use

S15 · Reading, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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